Habit persistence in consumption and the demand for money (vol 96, pg 168, 2007)

被引：0

作者：

Hiraguchi, Ryoji ^{[1
]}

机构：

[1] Kyoto Univ, Res Inst Econ, Sakyo Ku, Kyoto, Japan

来源：

ECONOMICS LETTERS | 2008年 / 101卷 / 01期

关键词：

habit formation; money;

D O I：

10.1016/j.econlet.2008.07.002

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

I correct Propositions 1, 2, 3 and 4 in Lioui and Rangvid [Economics letters 96(2007)]. Their conclusion that money demand is not well-defined for plausible parameter values under the ratio specification of habit is wrong. (C) 2008 Elsevier B.V. All rights reserved.

引用

页码：95 / 95

页数：1

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